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CHICAGO, May 23- CBOE Holdings Inc will expand trading hours for futures on the CBOE Volatility Index later this year, after a technical glitch delayed the change, the company's incoming chief executive said on Thursday. CBOE, operator of the Chicago Board Options Exchange, earlier this month said it was indefinitely deferring plans to increase trading hours.
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May 16- Credit-rating agency Standard& Poor's on Thursday cut its rating on Berkshire Hathaway Inc, the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, one notch, citing the company's reliance on its insurance operations for dividend income.
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May 16- Credit rating agency Standard& Poor's on Thursday cut its rating on Berkshire Hathaway Inc, the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, by one notch, citing the company's reliance on its insurance operations for dividend income.
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NEW YORK-- Standard& Poor's Ratings Services on Wednesday upgraded its outlook on CME Group Inc., saying it expects profitability will stabilize after a recent decline. CME runs commodity and derivative exchanges, including the Chicago Mercantile Exchange. CME shares increased 33 cents to close at $64.04.
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In impassioned speeches during a public roundtable Tuesday at the U.S. Securities and Exchange Commission, Minnesota Democrat Al Franken and Mississippi Republican Roger Wicker accused the big three rating agencies of issuing shoddy ratings, and blamed the problems on the "issuer-pay" model in which the firms are paid by the companies they rate.
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CBOE won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.
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* "We are vindicated": CBOE CEO William Brodsky. WASHINGTON, May 13- CBOE Holdings Inc won a long-running legal battle to prevent rival International Securities Exchange from listing options on two key U.S. stock-market indexes, after the U.S. Supreme Court on Monday declined to consider their dispute.
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WASHINGTON, May 13- The U.S. Supreme Court on Monday declined to consider a dispute over CBOE Holdings Inc's long-running legal battle to prevent rival International Securities Exchange from listing options on the Standard& Poor's 500 Index and the Dow Jones Industrial Average.
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International Securities Exchange LLC, a national securities exchange that specializes in the trading of options contracts, is fighting an injunction that prevented it from listing S&P 500 and Dow Jones options, which are licensed exclusively to CBOE by McGraw-Hill Financial Inc and CME Group Inc's index services.
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*Adj EPS C $0.78 vs est C $0.73. TORONTO, May 10- TMX Group Ltd, the operator of the Toronto Stock Exchange, reported a better-than-expected profit for the first quarter and said revenue rose 6 percent despite a tough economic backdrop that weighed on trading volumes and issuance.
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*Adj EPS C $0.78 vs est C $0.73. TORONTO, May 10- TMX Group Ltd, the operator of the Toronto Stock Exchange, reported a better-than-expected profit for the first quarter and said revenue rose 6 percent despite a tough economic backdrop that weighed on trading volumes and issuance.
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SAN FRANCISCO, May 8- CBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization.
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SAN FRANCISCO, May 8- CBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization. It also expects any settlement to require it to beef up its compliance and regulatory programs, CBOE said in its quarterly filing with the U.S. Securities and Exchange Commission.
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*Turkey promoting Istanbul as financial hub. ISTANBUL, May 8- Turkey is in talks with the London Stock Exchange and Nasdaq about a partnership deal that could see it sell a stake in the Istanbul bourse as part of a drive to promote the city as a financial hub, its deputy prime minister said.
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ISTANBUL, May 8- Turkey is in talks with the London Stock Exchange and Nasdaq about possible strategic partnerships for its stock exchange in Istanbul, Deputy Prime Minister Ali Babacan said on Wednesday.
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MILAN, May 7- London Stock Exchange Group has inked a deal to buy Italian trading platform Eurotlx from Banca IMI and UniCredit for about 40 million euros, sources close to the matter said. "The agreement has been signed but not finalised," one of the sources told Reuters, noting that the deal needed to be approved by the Bank of Italy.
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*Announces trading volumes for April 2013. *Says global derivatives adv up 3% year-over-year. *Says European derivatives adv declined 6% year-over-year in April.
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sold off another 1.375 million of its Moody's Corp shares in the past three trading days, leaving it with an 11.1 percent stake in the parent of credit rating agency Moody's Investors Service. Last Wednesday, Berkshire Hathaway said it had sold 1.75 million Moody's shares in the first three days of last week, the first time since 2010 it had sold shares in Moody's.
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NEW YORK, May 6- The CME Group intends to launch at least two new U.S. crude oil futures contracts before the end of this year, as the rapid growth in U.S. oil production and infrastructure boosts liquidity in Gulf Coast spot markets.
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May 6- Nasdaq Omx Group Inc:. *Nasdaq Omx and world steel exchange marketing announce strategic partnership. products to be traded on Nasdaq Omx futures exchange.